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2.1 million tonnes of rice exported in four months

Vietnam’s rice exports in the first four months surpassed 2.1 million tonnes, up 23.4 percent over the same period last year, the Vietnam Food Association (VFA) has reported. However, prices dropped by nearly 30 USD per tonne during the reviewed period, due to low demand as well as the pressure to sell rice for rotating capital facing rice businesses. Successive ... Read More »

Quang Ngai plans stable power supply for islet

Central Quang Ngai province’s Industry and Trade Department plans to supply stable power to the 500 residents of An Binh islet 30km off the coast of the province, in the next three years. Inhabitants of the small islet currently rely on a small solar power energy system that offers only enough power for a few hours of light or TV. ... Read More »

Vietnam, Japan promote agriculture cooperation

Vietnam and Japan have agreed to promote bilateral cooperation in the field of agriculture. An agreement to this effect was reached at a meeting in Hanoi on May 4 between Minister of Agriculture and Rural Development Cao Duc Phat and his Japanese counterpart, Yoshimasa Hyashi, who is on a working visit to Vietnam . Under the agreement, the two sides ... Read More »

Desire wavers in face of disorder

VietNamNet Bridge – In recent times, Vietnam has come to be seen as an attractive destinations for retailing with increasing numbers of shopping centres opening in Hanoi. Many have been well managed and proved successful, but still more have failed.   Retail centers appear to be big business no brainers, but that’s not always the case. One example of a ... Read More »

Malaysia imposes anti-dumping tax on VN packaging

Malaysia has levied anti-dumping taxes on Vietnam ‘s Biaxially Oriented Polypropylene (BOPP) film, a kind of polypropylene film used for packaging processed foods, according to the Vietnam Competition Agency (VCA) under the Ministry of Industry and Trade. The taxes, which range from 2.59 percent to 12.37 percent, were imposed by Malaysia ‘s Ministry of International Trade and Industry (MITI) and ... Read More »

Government bond sales depend on bank credit, asset growth

Government and Government-backed bond sales in the first four months of the year were looking positive but achieving the target for the year will depend on credit expansion and the growth of total assets of credit institutions. The State Treasury has set a target of 150 trillion VND (7.14 billion USD) worth of Government bonds (G-bonds), while the total value ... Read More »

Novotel hotel opens in central coast city

Novotel hotel opens in central coast city DA NANG (VNS)— The Sun Group officially opened Novotel Da Nang Premier Han River with a ceremony on Tuesday. The 37-storey building is the highest in central Viet Nam. It includes serviced apartments, high-class hotel rooms, conference facilities and luxury restaurants and bars managed by Accor. — VNS Read More »

No quick fix for low-cost housing

No quick fix for low-cost housing Construction of housing projects for low-income earners in Ha Dong District, Ha Noi. The Ministry of Construction’s proposal to allow housing developers to convert commercial housing into low-income housing could benefit both the firms and low-income earners. — VNA/VNS Photo HCM CITY (VNS) — The Ministry of Construction’s proposal to allow housing developers to ... Read More »

State bank tightens control over trade of gold bars

State bank tightens control over trade of gold bars Saigon Jewelry Company displays gold bullions for sale. Purchases of gold worth VND300 million and above must be reported to the SBV, according to new regulations. — VNA/VNS Photo Tran Viet HA NOI (VNS)— Transactions of gold bars valued at VND300 million or more must be reported to the State Bank ... Read More »

Real estate sector sees falling investment

Real estate sector sees falling investment HA NOI — The real estate market, which has now been frozen for years, is increasingly causing difficulties for investors. Nguyen Ngoc Binh, chairman of the Viet Nam Mechanisation, Electrification and Construction Joint Stock Company (Meco) estimated that his company was forced to pay as much as VND70 billion (US$3.34 million) per year in ... Read More »